Sovran Advisors LLC Invests $3.77 Million in VanEck Floating Rate ETF (NYSEARCA:FLTR)

Sovran Advisors LLC acquired a new position in VanEck Floating Rate ETF (NYSEARCA:FLTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 147,928 shares of the company’s stock, valued at approximately $3,769,000. Sovran Advisors LLC owned approximately 0.24% of VanEck Floating Rate ETF at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FLTR. Goldstone Financial Group LLC bought a new position in shares of VanEck Floating Rate ETF in the 3rd quarter worth about $202,000. CHB Investment Group LLC bought a new stake in VanEck Floating Rate ETF in the 3rd quarter valued at about $229,000. PFG Investments LLC bought a new stake in VanEck Floating Rate ETF in the 3rd quarter valued at about $248,000. First Heartland Consultants Inc. bought a new stake in VanEck Floating Rate ETF in the 3rd quarter valued at about $265,000. Finally, Greater Midwest Financial Group LLC bought a new stake in VanEck Floating Rate ETF in the 4th quarter valued at about $281,000.

VanEck Floating Rate ETF Stock Down 0.0 %

Shares of VanEck Floating Rate ETF stock opened at $25.48 on Tuesday. VanEck Floating Rate ETF has a one year low of $25.00 and a one year high of $25.56. The business has a 50-day simple moving average of $25.48 and a 200 day simple moving average of $25.45.

VanEck Floating Rate ETF Profile

The VanEck Investment Grade Floating Rate ETF (FLTR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade floating-rate notes issued by corporate entities. FLTR was launched on Apr 25, 2011 and is managed by VanEck.